Currently, **Cardano (ADA)** is going through a critical phase after implementing a major update known as **"Chang" hard fork**. This update represents an important step towards achieving full decentralization of the network, as coin holders can now participate in the network's governance by voting on ecosystem development proposals. This is considered the beginning of what is called the "Voltaire era" in Cardano, which focuses on freedom and decentralization.
Despite the importance of this update, the coin saw a decrease in its value by about 3-5% immediately after the update. This decline may be due in part to general market pressures, as the digital markets in general have been suffering from a bearish trend since March 2024. However, technical signs are emerging that Cardano may be close to a potential reversal point towards the upside, especially if it can break through current resistance levels.
In general, the community is eagerly awaiting the second phase of the update in 90 days, which is expected to add more features for self-governance using ADA, which may further change the price path in the future.
